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11 December 04:39 PM

Ratings

GFH's international scale ratings were confirmed at 'BB/B'
37 minutes ago IIRA confirms GFH’s ratings at ‘BB/B,’ ‘stable’ outlook
Mubasher: The Islamic International Rating Agency (IIRA) has confirmed on Wednesday the GFH Financial Group’s international scale ratings at ‘BB/B.’ Furthermore, the group’s national scale ratings were kept at ‘BBB-(bh)/A3-(bh),’ while maintaining …
Ratings
Moody's confirmed “stable” long-term outlook
5 December 10:47 AM Moody’s affirms KFH’s credit ratings, ‘stable’ outlook
Mubasher: Moody’s Investors Service confirmed the credit ratings of Kuwait Finance House’s (KFH), and its “stable” long-term outlook, according to a bourse filing. The ratings agency left the domestic and foreign currency long-term and short-term …
Ratings
Moody's affirmed DEWA's rating at Baa1
29 November 11:49 AM Moody’s affirms DEWA’s rating at ‘Baa1’, cuts outlook
Dubai – Mubasher: Moody’s Investor Service affirmed its credit rating of state-owned services infrastructure provider Dubai Electricity & Water Authority (DEWA) at Baa1, while it downgraded its stable outlook to negative, according to a Friday …
Ratings
Shariah Banks continue to outperform conventional banks in deposit growth
27 November 02:07 PM Saudi banks maintain strong growth signs – Report
Riyadh – Mubasher: The Saudi banking sector continues its move forward with steady deposit and loan growth, according to a recent report by Al Jazira Capital. Mortgage loans growth has exceeded expectation in recent years, showing a growth of 41 …
Stock Evaluations
Etisalat has a standalone credit profile (SCP) of 'a-'
27 November 09:23 AM Fitch affirms Etisalat’s IDR at ‘A+’
Abu Dhabi – Mubasher: Fitch Ratings has affirmed the long-term issuer default rating (IDR) and senior unsecured debt of Emirates Telecommunications Group Company (Etisalat) at 'A+', with a ‘Stable’ outlook, according to a statement.  The ratings …
Ratings
Dubai Insurance enjoys strong balance sheet
26 November 09:28 AM AM Best affirms Dubai Insurance’s FSR at ‘B++’
Dubai – Mubasher: Dubai National Insurance and Reinsurance was assigned a ‘B++’ (Good) financial strength rating (FSR) and a long-term issuer credit rating of ‘bbb+’, with a ‘Positive’ outlook by AM Best. The rating agency has noted the firm’s …
Outlook is Stable for all GCC banking systems, but Negative for Oman
25 November 12:58 PM GCC banks outlook remains stable - Moody's
Mubasher: The outlook for banks in the Gulf Cooperation Council (GCC) member countries remains stable in 2020, underpinned by solid economic growth, strong capital buffers and substantial liquidity, according to Moody's Investors Service. …
Central Banks
In the Middle East, geopolitical risks are a credit driver, says Moody's
21 November 01:33 PM Emerging market outlook for 2020 turns negative - Moody's
Mubasher: Gross domestic product (GDP) growth in emerging markets will average above 4.5% in 2020, according to Moody’s Investors Service. This pace remains sluggish compared to past peaks, as “emerging market growth slowed significantly in 2019 …
Macroeconomics
The rating supports confidence in the bank
14 November 02:38 PM S&P assigns ‘A’ credit rating to Boubyan Bank; Outlook stable
Mubasher: Standard and Poor’s rating agency has assigned ‘A’ long-term credit ratings to Boubyan Bank, with a stable outlook. The bank’s anchor and stand-alone credit profile (SACP) was assigned ‘bbb’ rating, according to a bourse statement …
Ratings
The bank’s outlook is stable
13 November 10:42 AM CI Ratings affirms Burgan Bank’s foreign currency ratings
Mubasher: Capital Intelligence Ratings (CI Ratings) has affirmed the long-term and short-term foreign currency ratings of Burgan Bank at 'A' and 'A1', respectively. The rating agency set the Boursa Kuwait-listed bank’s outlook at stable, according …
Ratings
National Bank of Kuwait
12 November 11:10 AM Moody's assigns Baa3 rating to NBK's USD securities
Mubasher: Moody's Investors Service has on Tuesday assigned a Baa3 rating to the upcoming issuance of perpetual non-cumulative additional tier 1 (AT1) capital securities by NBK Tier 1 Financing Limited, a wholly-owned subsidiary of the National …
URC's KWD 60 million bond issuance will mature in April 2023
10 November 10:06 AM Capital Intelligence affirms URC’s bond rating at ‘BBB’
Mubasher: Capital Intelligence (CI) Ratings has affirmed the rating of United Real Estate Company's (URC) KWD 60 million ($197.7 million) bond, which will mature in April 2023, at 'BBB', with a stable outlook. This a reflection of the company’s …
Bonds
Moody's withdrew outlooks on DAE's instrument ratings
9 November 10:43 PM Moody's revisits Dubai Aerospace Enterprise’s rating
UAE – Mubasher: Moody's Investors Service has announced that it is currently reviewing the Ba1 corporate family rating of Dubai Aerospace Enterprise. The rating agency said that it is also reviewing the Ba2 senior unsecured rating of subsidiary …
Ratings
Moody’s assigned Ba1 rating to Arabian Centres
8 November 10:46 PM Moody’s assigns Ba2 rating to Arabian Centres’ dollar sukuk; Outlook stable
Riyadh – Mubasher: Moody’s Investors Service has assigned Ba1 corporate family rating to Arabian Centres Company, according to a statement released on Friday. The international rating agency assigned a Ba2 instrument rating to the benchmark sized …
Ratings
Overall real GDP growth may remain at 1.7% in 2019
6 November 11:31 AM UAE banks stable with resilient credit profiles - Moody's
UAE – Mubasher: Moody's Investors Service has maintained a stable outlook on the UAE’s banking system owing to the banks’ resilient credit profiles that perform amid a stable but slow economy, according to a press release on Wednesday. Moody's …
Prices charged for goods and services fell during October
5 November 02:24 PM Saudi non-oil private sector improves at fastest pace in since August 2015 – PMI
Riyadh – Mubasher: Saudi Arabia’s non-oil private sector entered the last quarter of 2019 on a stronger footing, with business conditions improving at the fastest pace since August 2015, according to a report compiled by IHS Markit for Emirates …
Ratings
The rating reflects the company’s strong financial profile
5 November 01:30 PM Tassnief maintains Saudi Re’s IFSR at ‘AA+’
Riyadh – Mubasher: SIMAH's Credit Rating Agency (Tassnief) has maintained that the financial strength rating of Saudi Re at “AA+” with a stable outlook. The rating reflects the company’s strong financial profile supported by its strong …
Ratings
The rating reflected the GBK’s position as Kuwait’s fourth biggest commercial bank
29 October 02:24 PM S&P maintains GBK’s ‘A-’; outlook stable
Mubasher: Standard & Poor’s (S&P) Financial Services maintained its credit rating of Gulf Bank of Kuwait (GBK) at ‘A-,’ with a ‘Stable’ outlook, the bank disclosed Boursa Kuwait on Tuesday. The rating reflected the GBK’s position as Kuwait’s …
Ratings
Net profits of the Saudi-based firm stood at SAR 212.1 million in Q3-19
27 October 03:07 PM Yansab’s Q3 profits miss estimates – Al Jazira Capital
Riyadh – Mubasher: Yanbu National Petrochemical Company’s (Yansab) financial results for the third quarter of 2019 came below Al Jazira Capital’s estimations, the research firm said in a recent statement. Net profits of the Saudi-based firm stood …
The rating also reflects the group’s diversified activities
27 October 12:51 PM CI affirms Al Imtiaz Investment’s ratings
Mubasher: Capital Intelligence (CI) has affirmed the long-term foreign currency rating (LT FCR) of Al Imtiaz Investment Group at ‘BBB’, with a ‘Positive’ outlook. The group’s short-term foreign currency rating (ST FCR) was affirmed at 'A3', …
Saudi Arabia carried out a record of eight reforms in 2018
24 October 02:04 PM Saudi Arabia among world’s top 10 improvers – WB
Riyadh – Mubasher: The World Bank Group’s (WB) “Doing Business 2020” report showed that Saudi Arabia is among the world’s top 10 improvers. In 2019, the Arab region hosted other three of the world’s top 10 improvers besides Saudi Arabia, are: …
Ratings
Kuwait improved the local regulatory framework
24 October 11:54 AM Kuwait ranks among world’s top 10 economy improvers
Mubasher: Kuwait’s economy was ranked among the top 10 improvers worldwide among 190 other countries in the World Bank Group’s Doing Business 2020 study, Kuwait News Agency (KUNA) reported on Thursday.        Thanks to its comprehensive reform …
Macroeconomics
The rating reflects the firm’s strong and leading position in target markets
24 October 09:43 AM Moody’s affirms Gulf Insurance’s IFS at ‘A3’; Outlook stable
Mubasher: Moody’s has affirmed the insurance financial strength rating (IFSR) of Gulf Insurance Group at ‘A3’, with a stable outlook. The rating reflects the firm’s strong and leading position in its target markets as well as its well-established …
The affirmation reflects Buruj’s sustained strong profitability
23 October 10:50 AM Moody’s affirms IFSR of Buruj at ‘Baa2’; Outlook ‘Stable’
Riyadh – Mubasher: Moody’s Investors Service (Moody’s) has affirmed the “Baa2” insurance financial strength rating (IFSR) of Buruj Cooperative Insurance Company (Buruj) with a stable outlook. The rating reflects Buruj’s improved capital adequacy …